The Fed may no longer be a friend of investors, pros say, and that could be a major headwind to stocks in the near-term.
“What’s dangerous about yesterday’s huge market slump is that there must be an element of doubting the ability of there to be an effective ‘Fed Put’ in this cycle following a 30-40 year period where the central bank has almost always been able to come to the market’s rescue,” Deutsche Bank strategist Jim Reid said.
The Dow Jones Industrial Average plunged 1,120 points on…
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